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World’s gold miners wary of production ramp-up despite price surge

Sep 13, 2020

Source: https://www.mining.com/web/worlds-gold-miners-wary-of-production-ramp-up-despite-price-surge/

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Peñasquito gold operation in Mexico. (Image courtesy of Newmont).

The world’s top gold miners are retrenching after covid-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth.

Gold prices have jumped 30% this year to roughly $2,000 an ounce as central banks dial-up stimulus measures in response to the coronavirus pandemic.

Original Text (This is the original text for your reference.)

Peñasquito gold operation in Mexico. (Image courtesy of Newmont).

Gold prices have jumped 30% this year to roughly $2,000 an ounce as central banks dial-up stimulus measures in response to the coronavirus pandemic.

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